Havila Kystruten AS

Share Issue/Capital Change • Jan 27, 2023

Havila Kystruten AS - Cancellation of Subsequent Offering

Havila Kystruten AS - Cancellation of Subsequent Offering

Reference is made to the stock exchange announcement published on 21 December

2022 by Havila Kystruten AS announcing the successful completion of a private

placement of new shares, with gross proceeds of  NOK 300 million, and a

potential subsequent offering of up to 4,000,000 new shares directed towards

eligible shareholders.

Following announcement of completion of the Private Placement, the shares in the

Company have traded around or below the subscription price in the Private

Placement with volumes deemed substantial compared to the size of the Subsequent

Offering. Consequently, any shareholders wishing to reduce the dilutive effect

of the Private Placement have had the opportunity to purchase shares in the

Company in the market at prices similar to or below what would have been the

subscription price in the Subsequent Offering.

The Company's Board of Directors has therefore decided to cancel the Subsequent

Offering.

Contact:

CEO Bent Martini +47 905 99 650

CFO Arne Johan Dale +47 909 87 706